Cardano Announces Major Scalability Update
On Tuesday, February 1, Cardano announced another update to its blockchain network. The development studio Input-Output Global has shared the details of the upgrade. These updates meet Cardano’s consensus structure and data process specifications. The new update will improve...
On Tuesday, February 1, Cardano announced another update to its blockchain network. The development studio Input-Output Global has shared the details of the upgrade. These updates meet Cardano’s consensus structure and data process specifications. The new update will improve the block size and transaction throughput of the Cardano blockchain.
Growing demand for Cardano
Input Output Global said the update will increase the block size by 11 percent from 72 KB to 80 KB. The update will also cause each transaction to use the increased “CPU”, ie the number of Plutus script memory units.
These memory units per transaction have been increased by as much as 1.5 million, from the existing 12.5 million to 14 million. The improvements also provide additional resources for the Plutus scripts to improve the overall DApp experience.
Both updates will go live on February 4. In addition, they will also serve as the stepping stone to Cardano’s scaling requirements amid growing demand. Since Cardano introduced smart contracts last September 2021, demand has risen sharply.
This has also resulted in increased traffic on Cardano’s on-chain applications ecosystem. Last week, the network’s blockchain load hit a new record. The number of blocks used on the Cardano blockchain reached a whopping 95 percent. This says enough about the growing demand for Cardano in the crypto ecosystem.
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The Cardano team’s plans with the upgrade
After the implementation of this update, the team will monitor network performance as the consensus enters the Basho phase. This phase is also about decentralization and the scalability of transaction processing for DApps and wallets.
In addition, the team is also working on another major upgrade to its consensus layer. Also called “diffusion pipelining”, this upgrade will use blockchain to overlap transaction stages rather than sequentially processing them. This will significantly increase the speed of the blockchain.
These key developments will make Cardano even more attractive to decentralized exchanges (DEXs), high-performing DApps and other NFT marketplaces. This update also allows Cardano to introduce a more advanced dApps architecture. This will make the DApps work faster and more efficiently.
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